Bonterra Energy Corp Declares Monthly Dividend of $0.10 (BNE)
Bonterra Energy Corp (TSE:BNE) announced a monthly dividend on Wednesday, July 12th, TickerTech reports. Investors of record on Monday, July 31st will be paid a dividend of 0.10 per share on Monday, July 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.59%. The ex-dividend date of this dividend is Wednesday, July 12th.
Shares of Bonterra Energy Corp (TSE:BNE) traded down 1.49% during mid-day trading on Friday, hitting $15.82. The company had a trading volume of 63,676 shares. The firm has a 50-day moving average price of $16.62 and a 200 day moving average price of $22.12. The firm’s market capitalization is $526.96 million. Bonterra Energy Corp has a 52-week low of $14.53 and a 52-week high of $29.76.
Several equities analysts have commented on the stock. Raymond James Financial, Inc. decreased their price target on shares of Bonterra Energy Corp from C$31.00 to C$29.00 and set an “outperform” rating for the company in a research report on Thursday, May 11th. AltaCorp Capital raised shares of Bonterra Energy Corp from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, March 15th. Scotiabank reissued a “sector perform” rating and issued a C$31.50 price target on shares of Bonterra Energy Corp in a research report on Wednesday, March 15th. BMO Capital Markets decreased their price target on shares of Bonterra Energy Corp from C$32.00 to C$26.00 in a research report on Wednesday, March 15th. Finally, TD Securities reissued a “buy” rating and issued a C$33.00 price target on shares of Bonterra Energy Corp in a research report on Wednesday, March 15th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$29.83.
In other news, insider George Frederick Fink acquired 25,800 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The stock was acquired at an average cost of C$16.45 per share, with a total value of C$424,410.00. Over the last ninety days, insiders have bought 49,850 shares of company stock valued at $843,326.
Bonterra Energy Corp Company Profile
Bonterra Energy Corp. (Bonterra) is an oil and gas company. The Company is focused on the development of its Cardium land within the Pembina and Willesden Green areas located in central Alberta. The Company is engaged in the development and production of oil and natural gas in the Western Canadian Sedimentary Basin.
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